Freeland resigns

[JohnLarue]

https://twitter.com/i/web/status/1868678946029813821

i shed no tears for Freeland.
the events of yesterday while unpleasant for her, were horrific for Canada

Canadian dollar hits nearly five-year low on political turbulence

The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after...

www.marketscreener.com

Canadian dollar hits nearly five-year low on political turbulence

TORONTO (Reuters) - The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after data showed a surprise easing of Canadian inflation.

The loonie was trading 0.6% lower at 1.4323 per U.S. dollar, or 69.82 U.S. cents, its weakest level since March 2020.

"The driver today seems to be the ongoing rally in Canadian yields on a relative basis," said Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets.

"Sentiment is still pretty negative on the Canadian economy and the macro backdrop. Add in the political dysfunction, and that does not look kindly on the Canadian dollar at this point."

The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a second Trump administration that could impose crippling sanctions on Canadian exports.

"We think this level of political turbulence will raise uncertainty levels for Canadian consumers and businesses, adding to the headwinds already facing productivity-enhancing investment," Karl Schamotta, chief market strategist at Corpay, said in a note.

Canada's annual inflation rate declined to 1.9% in November from 2% in October. Measures of underlying inflation closely watched by the Bank of Canada were higher, but money markets continued to lean toward another interest rate cut by the central bank in January.

The Canadian 10-year yield eased 4.2 basis points to 3.149%, moving 2.8 basis points further below its U.S. equivalent to a gap of 124 basis points. That's the widest spread in LSEG data going back to 1994.

The price of oil, one of Canada's major exports, fell 1.6% to $69.57 a barrel on Chinese demand concerns and ahead of a Federal Reserve interest rate decision on Wednesday.

She was active supporter of the morons corruption and only resigned when he back stabbed her personally
if she had any real integrity, she would have resigned over SNC, WEI, Blackface, the carbon taxes etc and as finance minister she had to know billions were being wasted / funneled inappropriately.
She also speaks to Canadians in a most annoying condescending way
if there is any justice she will get tufted from politics in the next election and that will be the last we see of her.

 

[Butler1000]

Poor bver, he is desperate to change the channel but as he turns the dial it's all the same breaking news. The up and coming house cleaning of his beloved Liberal Party.

 

[bver_hunter]

Especially as butler was the king of changing the channels when he threw Trudeau into the mix several times on a Trump thread!!
Poor, poor butler then pretended to be a Bernie sanders supporter. So fake that we all saw through him!!

 

[JohnLarue]

Especially as butler was the king of changing the channels when he threw Trudeau into the mix several times on a Trump thread!!
Poor, poor butler then pretended to be a Bernie sanders supporter. So fake that we all saw through him!!

????
So fake that we all saw through him!!
????

don't lump me into your strange world
whatever is wrong with you does not apply collectively

 

[Butler1000]

????
So fake that we all saw through him!!
????

don't lump me into your strange world
whatever is wrong with you does not apply collectively

Like I said, desperate to change the channel, deflect the narrative. But the Liberals are so far down only a complete leadership housecleaning can eventually bring them back. It will be at least two terms in the wilderness.

It's too late now even for a leadership change. If Trudeau resigned today it wouldn't matter. I genuinely wonder if he realizes it. He is reminding my of the delusional Harris fans who were calling for red state wins.

 

[DesRicardo]

I don't think massive egos and political betrayal are really all that unusual for politicians.

For Canadian politics, It's never this dramatic. We should never have to fight this much for a politician to step down. Just the corruption scandals alone should have ended Trudeau.

Please correct me if I am wrong because I am not a Canadian.
The NDP can basically call for an election as soon as possible if it desired.
Trudeau stands as the leader of the Liberal party because the Liberal PMs still back him (for now).
I'm sure there is more nuance to it and would certainly like to hear it.

PS- I'm not defending Trudeau. Just sayin'......you know.

Parliament would have to vote on a non-confidence motion to trigger an election. Since the Liberals don't have a majority government, they rely on another party to vote in confidence. This is usually the NDP because they are both left leaning and somewhat work together.

Liberals backing Trudeau is a mixed answer. They would never vote against Trudeau, but they are now publicly saying they want him to step down. Also, they have no way of forcing Trudeau out. Only Trudeau choosing to step down or an election can force Trudeau out.

A few more details too add:
Jagmeet Singh qualifies for his pension in February. So he will wait it out before he votes non-confidence.

The Liberals, the NDP and the Bloc really don't want an election because the Conservative will form an easy majority. The just want Trudeau to step down so they can get a new Candidate in and maybe save some seats. With Trudeau as PM, no chance. We hate him, don't believe what you see Liberal supporters here say. It will be Reagan/Mondale if Trudeau runs again.

Personally, I think Trudeau and Jagmeet have a private agreement that NDP will support Trudeau as long as Trudeau holds out until March.

The NDP and Liberals will never merge. They are both very different Parties, with different voting bases, with different regions of support.

 

[WyattEarp]

You and Wyatt are birds of the same feather that live in denial on a 24 / 7 basis.
I did not have to look very far to corroborate my evidence about how the two of you hypocrites overlook the fact that you righties do not mind when Trudeau is thrown into the mix when it is a Thread has only TRUMP in the topic:

Loading…

terb.cc

So suck up to it oracle!!

Beav, don't lose your cool. This post you cite has nothing to do with The Oracle or myself.

In all fairness to oil&gas, the subject is about Western troops monitoring a ceasefire in the Ukraine. It was not isolated to Trump alone.

 

[WyattEarp]

A few more details too add:
Jagmeet Singh qualifies for his pension in February. So he will wait it out before he votes non-confidence.

The Liberals, the NDP and the Bloc really don't want an election because the Conservative will form an easy majority. The just want Trudeau to step down so they can get a new Candidate in and maybe save some seats. With Trudeau as PM, no chance. We hate him, don't believe what you see Liberal supporters here say. It will be Reagan/Mondale if Trudeau runs again.

So you don't have a system like the U.K. where you can simply replace the jockey (i.e. Prime Minister) in the middle of the race. You have to start a new race.

Jagmeet and Trudeau seem to be propping each other up until next year. I would guess the more Canadians see this for what it is the Liberal MPs will get restless.

 

[imaan2k]

Freeland was a foreign nationalist who finally turned on Justin. This is one of those rare times where he was back stabbed.

 

[WyattEarp]

Poor bver, he is desperate to change the channel but as he turns the dial it's all the same breaking news. The up and coming house cleaning of his beloved Liberal Party.

Beav, sometimes it's good to be more pragmatic. It's healthy to understand and the natural frailties of politicians regardless of their stripes.

Trudeau is going to get kicked out in a bad way.
Hunter Biden is a douche bag who gets pardoned by President Daddy.
Trump is megalomaniac who rants about stupid things.

It can be cathartic to just accept things without too much political allegiance.

 

[DesRicardo]

So you don't have a system like the U.K. where you can simply replace the jockey (i.e. Prime Minister) in the middle of the race. You have to start a new race.

Jagmeet and Trudeau seem to be propping each other up until next year. I would guess the more Canadians see this for what it is the Liberal MPs will get restless.

Basically only if Justin feels like it.

They can also vote non-confidence, but the NDP cancels that out.

 

[nottyboi]

T really knows how to pick the backstabbers doesn't he? Does Freeland actually think this makes her look good? he deficit projection was off by more then 50%, should there not be some sorta consequences for that? Was she gonna wear the red dress for the red ink? lol.

 

[DesRicardo]

Freeland was a foreign nationalist who finally turned on Justin. This is one of those rare times where he was back stabbed.

T really knows how to pick the backstabbers doesn't he? Does Freeland actually think this makes her look good? he deficit projection was off by more then 50%, should there not be some sorta consequences for that?

I'm not a Freeland supporter at all, but she did the right thing. Why should she be the fall guy for Trudeau's out of control spending.

Plus Trudeau basically told her to her face he was going to fire her. It was all a setup, but she outsmarted him and exposed him for being a gimmick.

I respect her for that. She's got more balls than the Fake Feminist.

 

[The Oracle]

Beav, don't lose your cool. This post you cite has nothing to do with The Oracle or myself.

In all fairness to oil&gas, the subject is about Western troops monitoring a ceasefire in the Ukraine. It was not isolated to Trump alone.

LOL...He's such a strange dude, isn't he?...Completely incapable of any non partisan viewpoint on anything.

A one trick pony if there ever was one.

 

[Conil]

T really knows how to pick the backstabbers doesn't he? Does Freeland actually think this makes her look good? he deficit projection was off by more then 50%, should there not be some sorta consequences for that?

Notti keeps reading the Pravda. He told her that he wanted her out, but would still keep her around. She didn't want another position so she's a back stabber? She was Trudeau's biggest soldier, good for her for doing what she thought was right.

 

[Butler1000]

So you don't have a system like the U.K. where you can simply replace the jockey (i.e. Prime Minister) in the middle of the race. You have to start a new race.

Jagmeet and Trudeau seem to be propping each other up until next year. I would guess the more Canadians see this for what it is the Liberal MPs will get restless.

In theory they could continue a coalition govt with a new Liberal head. Unprecedented in Canadian politics, I have no idea how voters would react.

We have a tradition of strong caucuses here, unlike the Maverick traditions in the USA. They can kick you from the party here. Which is generally political suicide. So I doubt they will kick him. They know they are done so will ride it out, take the money, boost pensions, enjoy the travel perks until they are told not to.

Singh may pull the plug in the spring. No one likes a winter election. Especially a February one. We are in a foul mood with weather, Xmas bills, Year end audits, trying to vacation, no real long weekends, etc.

Maybe April earliest with the 6 week election time.

 

[jsanchez]

Notti keeps reading the Pravda. He told her that he wanted her out, but would still keep her around. She didn't want another position so she's a back stabber? She was Trudeau's biggest soldier, good for her for doing what she thought was right.

Putin boi hates her because she's Ukrainian.

 

[imaan2k]

Notti keeps reading the Pravda. He told her that he wanted her out, but would still keep her around. She didn't want another position so she's a back stabber? She was Trudeau's biggest soldier, good for her for doing what she thought was right.

She's a foreign nationalist.

Chrystia Freeland’s ties to Ukrainian nationalists reveal a double standard

Chrystia Freeland spoke at a rally against Russia’s invasion of Ukraine on February 27, in which she was photographed holding up a scarf associated with a Ukrainian paramilitary organization that massacred thousands of Jews and Poles during the Second World War. Freeland, who has made her...

canadiandimension.com

 

[GameBoy27]

We're at the point where more money is spent on servicing the debt than is spent on healthcare, in the entire country. Think about that the next time you're waiting 8 hours in the ER, 6-8 months for surgery or waiting incredibly long times for cancer treatment.

That's Trudeau's legacy!

 

[nottyboi]

Putin boi hates her because she's Ukrainian.

No I dislike her 'cos she is condescending and she supports the Ukranian Bandera Nazi movement, which is responsible for many war crimes and is now somehow glorified.